BANK STATEMENT LOANS

Who can choose a bank statement loan?

If you’re self-employed or report income on a 1099, you are likely to have difficulty getting a loan through a traditional lender like a bank or credit union. With American Heritage Lending, you don’t have to show your tax returns or W2 to get approved for a loan, just your bank statements.

Apply Now

800-745-9280

Apply Now

Someone will reach out to you within 24 hours to talk to you about your funding scenario.

Once Julie and Tim took over my two properties deal for refinance, they worked tirelessly to push everything through within 2 weeks time. Awesome experience, friendly knowledgeable people that care about helping you and your needs. Julie, Tim, and Spencer are great people to work with, thank you so much for working with me.. Truly a pleasurable experience!

Benefits of Working With Us

Direct Refinance Lender
Minimal Documentation
Closes as Quickly as 14 Days
No Pre-Payment Penalty Available
In House Underwriting

Apply Now

800-745-9280

Program Criteria

1

Score and background check

2

$100K – $10MM+ non-owner occupied property

3

2 months of recent bank statements

4

Fix & Flip Expierenced Required

States We Lend In

Looking for lending in a state not listed? We do lend in other states on a case-by-case scenario. Give us a call to see what we can do for you.

Apply now

800-745-9280

AHL is an outstanding company. They actually execute on their promises. I had the pleasure of working directly with Jessica Reynolds. She is knowledgeable and efficient. It was my first time getting a rental loan and she was extremely patient with me. She was by my side every step of the way.

Property Types We Fund

We lend on Single-Family Residences, 2 to 4 Units, Townhomes, Planned Unit Developments, or Condominiums. All properties must be non-owner occupied.

Apply Now

800-745-9280

Bank statement loans are for self-employed individuals who prefer to use their bank statements to prove their qualifying income and eligibility for financing. Self-employed borrowers include those with a 25% or greater ownership interest in a business/entity or are paid using the IRS form 1099. Bank statement loans do not require you to share your tax returns or W2s.

Bank statement loan financing is available from Non-QM lenders but not from traditional lenders such as banks. Financing a property with bank statement loans is a quick and straightforward process for an experienced lender like American Heritage Lending.

OUR BANK STATEMENT RATES & TERMS:

PROPERTY TYPES	Single family, condos, townhomes, multi-family 2-4 units
LOAN AMOUNTS	$75,000 – $3,000,000
TERM	30 year fixed with interest-only loans available.
LOANS AVAILABLE	Loans are available to individuals with or without stated income, trusts, corporations, and limited partnerships.

BANK STATEMENT-BASED FINANCING

Bank Statement loans are for self-employed borrowers and those with multiple income sources. Common business structures that may be eligible for bank statement loans include:

Sole proprietorships
Limited Liability Company (LLC)
Partnerships
S-Corporation
Corporation

Not everyone qualifies for a traditional loan. Self employed people are creative and ambitious and their compensation comes in many forms. American Heritage Lending helps its self employed clients qualify for loans without the traditional income qualification standards.

WHY CHOOSE A BANK STATEMENT LOAN?

If you’re self-employed or report income on a 1099, you are likely to have difficulty getting a loan through a traditional lender like a bank or credit union. With American Heritage Lending, you don’t have to show your tax returns or W2 to get approved for a loan, just your bank statements.

We understand the need to move quickly when opportunities arise. Our application, appraisal, and approval process can be accomplished in just a few days to ensure you can negotiate effectively with the property holder.

Apply Now

800-745-9280

USE OUR BANK STATEMENT LOANS WHEN TRADITIONAL LENDING SOLUTIONS ARE NOT AVAILABLE

Traditional banks will often disqualify self-employed borrowers wanting to use their bank statement to qualify for a loan or charge them a high rate. This barrier is because lenders calculate your “qualifying” income based on your taxable income. Business owners and self-employed individuals write off many of their business expenses, reducing their taxable income and their “qualifying” income.

American Heritage Lending caters to the self-employed with bank statement-based lending options. Qualifying income for our lending services is the borrower’s 12 or 24 monthly average income. These flexible lending options allow self-employed borrowers the same financing abilities as those using their taxes to prove qualifying income.